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deliberately put us in debt with tax breaks, the wars in iraq and afghanistan. they have borrowed all of the money. grover norquist toll call them -- told all of them to not raise taxes under any reason, host: independent from utah. caller: thank you, c-span. our founding fathers would turn over in their graves if they found out how much money we are putting our children in the dead. but they never wanted the constitution to deal with that. guest: our current levels of debt are sustainable. they are high levels of debt, but as a percentage of gdp, it is a lot lower than greece. it is a lot lower than italy. within the last couple of days, we realize they have serious problems. i do not know if the free market and a particular vision of how high are debt would be relative to gdp. they are huge, relative to the wealth we have it. economies expand over time. we have recessions, we have lifts, and we have declines. over the long term, economies grow. our economy will be much larger 30 years from now than it is today. that does not mean we want fiscal problems or we will be able to balance
and afghanistan. not a huge amount of money. by the way, when people wonder why -- what's happening to the s.e.c. and the f.t.c. are exhibits a and before. we would have been much further along. i think you should not hold off on it. i got some cost-benefit analysis on infrastructure in afghanistan and some of the other things that they are for. i think it is a reasonable thing to do. as long as the cost includes, of course, the financial crisis of -- and the lost revenue and jobs and turmoil. that's the cost. the cost is the terrible crisis we had. although -- i notice that alan sloan has come out with a thorough analysis that is going to be printed in "fortune" about how much money we made over the intervention, the combination of the tarp and the federal reserve and made about $100 billion for the federal government. >> [inaudible] just as a related question, you talked about the bailout being over. if -- are we really to believe that -- >> i will not comment on any financial institution. you get to be chairman or you're a ranking member and you have more nevertheless but you have got to
dark. paychecks for troops in afghanistan and iraq and based around the world could stop. f.a.a. towers could shut down. so could the f.b.i. and the c.i.a., border crossings could close, safety inspections of food americans eat and cargo that enters our ports could halt. literally every function of governmentould cease. social security checks, payments to our veterans. we've heard that before. there would be no discussion of which operations and personnel were essential. all the payments would very likely stop. some have said we could priorize which bills to pay. even if that wouldn't irreparably damage our nation's reputation and credit in the global economy a the globe at community, which it would, is also a complete fiction. our government won't even be able to cover the bills due on august 3. it will simply run out of money and because we'll be in default and our credit rating trashed, we'll be able to borrow the money not again to keep running, even if we wanted to. that's a picture secretary geithner painted. like i said, it's grim. many of my republican colleagues understand this
of the taliban on women and girls in afghanistan and she has since then focused on women's and girls issues related to the challenges in afghanistan. so it wasn't something that she intended to focus on when she went to the white house in 2001, but certainly the course of history changed all of that, and she has really immersed herself in finding a way to make a difference in women's and girls lives around the world, and she's taken the opportunity to speak all around the world to issues important to her and to the community. >> noriel rodriguez, i noticed at the nurenl palm desert, california that both ross lynn carter and cokie roberts talked about kind of the sisterhood of first ladies and all the first ladies that showed up and barbra bush will be there in grand rapids today. is there an informal sisterhood of some type among first ladies? >> i think there is. it's really a very small club. there atlanta many people who have the opportunity to serve as first lady, and betty ford and ross lynn carter became very close friends. betty ford was very helpful to rozz lynn carter in the trans
Search Results 0 to 3 of about 4